Credit Support Specialist

6 days ago


Farmington Hills, United States Comerica Full time
Credit Support Specialist
Credit Support Specialists have a foundational impact on the organization with a responsibility to own and manage credit-related data within the bank. Our Credit Support Specialists perform various key departmental functions, including reporting, loan covenant & statement tracking, risk rating, credit reviews and credit file maintenance. They partner with Relationship Managers, Portfolio Managers and credit team members within the Commercial Underwriting Center to support the bank's credit approval process.
Please Note: This position will be relocating to Farmington Hills starting Q4 2023
Team Structure and Development Opportunities
Reports to the Commercial Credit Manager.
Professional career development through assessments, coaching, team building, and mentoring.
Exposure to senior and executive leadership.
Collaborative and supportive team environment.
Gain in-depth knowledge of lending and non-lending products and services, including Treasury Management, Wealth Management, International Trade Services, Foreign Exchange, and Global Capital Markets.
Key Responsibilities
Financial Statement Spreading & Tracking
Maintain statement tracking system, accurately creating spreads of financial statements to identify inconsistencies or inaccuracies.
Monitor financial covenant tracking system to ensure compliance
RECAP Preparation
Prepare the RECAP (Record Evidencing Credit Approval Package) shell with basic attachments.
Request personal credit reports, background checks, OFAC (Office of Foreign Asset Control) checks and other due diligence as required.
Reporting
Prepare various reports accurately and timely, which include but are not limited to: Delinquent Statement Report, Past Due Loans, Covenant Exception Report and/or Input risk rating changes/updates.
Assist in the preparation of Credit Quality Review (CQR) packages.

Position Qualifications:
High School Diploma or GED
Two (2) college level Accounting courses OR 2 years of relevant experience in loan documentation, lending support, loan credit analysis, financial statement analysis, accounting, bookkeeping, or general ledger
Seeking candidates with:
Basic financial accounting knowledge
Excellent verbal and written communication skills
Time management skills and ability to handle multiple assignments
Attention to detail
Comerica Great Lakes Campus
8:00am - 5:00pm Monday - Friday. This position includes onsite and remote work days.

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